The Municipality and the Ajman Planning Department announced that the value of Ajman’s real estate rental transactions in the Emirate hit AED4.929BN ($ 1.3 billion) last year.
The value of lease contracts registered an AED 1,646b growth ($ 448 million), with an increase of 50.13 percent compared to 2022, in accordance with the annual report of departments 2024.
Abdul Rahman Mohammed al Nuaimi, general director of the Ajman Municipality and Planning Department confirmed that the Emirate has become a leading city that attracts residents, visitors and investors, since it has all the elements. That provide and Safee and Safee and Safee and Safee.
Ajman real estate rentals
He added that the Emirate has become a preferred destination for visitors thanks to their modern comforts and facilities that guarantee a unique experience for visitors.
He explained that the value of residential lease contracts for last year, 2024, amounted to AED2.647bn ($ 721 million), while commercial contracts registered an AED2.15bn growth ($ 585 million).
Investment contracts reached AED266m ($ 72.4 million), which reflects that there is a growing demand for housing in the Emirate, in addition to a notable recovery in the commercial sector, as well as the attraction of the Emirates for quality investment.
The Nuaimi pointed out that Ajman continues in his strong progress in attracting investments and supporting development projects, while guaranteeing his sustainability and success in all sectors.
He added that the strategic geographical location of the Emirate, Bee, a key link between the other Emirates, has played an important role in increasing the demand for residential, commercial and investment contracts.
He highlighted the directives of the wise leadership of Ajman, which gives great importance to both citizens and investors by providing all kinds of support and facilities.
He stressed that Emirate’s legislation and regulations are flexible and provide a stimulating environment for entrepreneurs.
As part of Emirate’s intelligent transformation, thesis initiatives have contributed significantly to accelerate transaction processing and provide high efficiency services.
Hey added that the Ajman Municipality and Planning Department continues to improve the client’s experience, thanks to his qualified personnel who worked to develop integration projects with relevant partners and launch electronic and intelligent systems that contribute. Contribution.
He explained that thesis efforts are in line with the strategic objective of the departments to achieve balanced urban development and improve the welfare of customers in Ajman.
Ammar Abdul Karim al Kayed, director of the Department of Rental Regulation of MPDA, explained that the certification of all types of rental contracts, including residential, commercial and investment contracts, witnessed a significant increase during the last year, 2024, compared to 2022 and 2023, as the body was completed:
- Residential contract transactions: 100.236
- Transactions of commercial contracts: 37,855
- Investment contract transactions: 269
